Jaipur-based Girnar Software Pvt Ltd, which owns auto portals CarDekho.com and Gaadi.com, has acquired SaaS-focused startup Connecto in a cash-and-stock deal.
The acquisition will help Girnar leverage Connecto’s tools to improve user experience across all its websites and apps.
Queries sent to both the companies on the deal valuation and terms of acquisition did not elicit any response till the time of filing this report.
Connecto, run by ThoughtFabrics Solutions Pvt. Ltd., was founded in November 2013 by Jagmal Singh and Saurabh Mathur. Singh is an IIT Delhi alumnus and has worked with investment firm D.E Shaw & Co. earlier. Mathur is an alumnus of IIT and Columbia University and has previously worked with Google.
The software-as-a-service focused (SaaS) startup has built device-agnostic tools provide services such as notification engine, A/B testing, custom integrations and automatic user profiles creator to product managers and marketers, to improve UI on websites and apps.
Meanwhile, Girnar has appointed LetsIntern co-founder Mayank Batheja as associate vice president, car owner's business.